Colorado taxpayers get a rebate thanks to pot taxes

Colorado taxpayers get a rebate thanks to pot taxes
(Image credit: Chris Hondros/Getty Images)

Colorado's Gov. John Hickenlooper has revealed that the state's next budget will include a $30.5 million rebate thanks to the extra income brought in by taxes on the sale of now-legal marijuana. This extra cash is available even after adding an expenditure of $33.6 million to the budget for regulation of the new marijuana industry. Colorado's legislature will determine exactly how the refund is distributed.

Since recreational marijuana became legal in Colorado in January of this year, the state has also seen crime rates drop while pot use rates remained about the same.

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Bonnie Kristian

Bonnie Kristian was a deputy editor and acting editor-in-chief of TheWeek.com. She is a columnist at Christianity Today and author of Untrustworthy: The Knowledge Crisis Breaking Our Brains, Polluting Our Politics, and Corrupting Christian Community (forthcoming 2022) and A Flexible Faith: Rethinking What It Means to Follow Jesus Today (2018). Her writing has also appeared at Time Magazine, CNN, USA Today, Newsweek, the Los Angeles Times, and The American Conservative, among other outlets.